August 14, 2020

Consolidated Financial Results
for the Three months Ended June 30, 2020
[Japanese GAAP]
Company name:
Oisix ra daichi Inc.
Securities code:
3182
Representative:
Kohey Takashima, Representative Director, CEOContact:
Hajime Yamanaka, Corporate Officer, Administration
Scheduled date of filing of Quarterly Report:
Scheduled date of payment of dividend:
Preparation of supplementary materials for financial results:
Holding of quarterly financial results meeting:Stock exchange listings: TSE
URL: http://www.oisixradaichi.co.jp

August 14, 2020
YesNone(All amounts are rounded down to the nearest million yen)

1. Consolidated Financial Results for Three Months ended June 30, 2020
(from April 1, 2020 to June 30, 2020)(1) Consolidated Operating Results
Three months ended(% of change from previous year)

Net Sales

Operating Income

Million yen%

Million yen

23,132
16,265

42.2
△3.5

2,076
543

June 30, 2020
June 30, 2019

Net Income
Attributable to Ownersof the Parent*3

EBITDA*1%

Million yen

282.3
△11.0
1,121 million yen (366.3%)
240 million yen (△55.0%)

2,419755%

Million yen%

220.3
△6.6

1,184270337.9△49.7Comprehensive income: 1st Quarter of FY2020 (As of June 30, 2020)
1st Quarter of FY2019 (As of June 30, 2019)(Note)*1. EBITDA stands for earnings before depreciation and amortisation.
*2. Operating income for the 1Q of the fiscal year under review has increased exceptionally. This is because the rapid increase in demand for homedelivery accompanying the spread of COVID-19 has caused excess shipping capacity for Oisix brands, and we temporarily suspended the acquisition ofnew customers, prioritizing existing subscribers, resulting in promotional expenses decrease significantly.
*3. Operating income for the 1Q of the previous fiscal year does not include the income and loss of Three Limes, Inc. (hereafter Purple carrot),which has been included in the scope of consolidation since the 3Q of the previous fiscal year.

Three months ended

Net Income perShare

June 30, 2020
June 30, 2019

Diluted Net
Income per ShareYenYen

31.60
8.05

31.47
7.98

(2) Consolidated Financial Position
Period ended

June 30, 2020
March 31, 2020

Total Assets

Shareholders’Equity Ratio

Net Assets

Million yen

Million yen%

33,80826,087

20,22014,19558.4
53.7

2. Dividends
Fiscal Year ended or ending

Dividend per Share
1Q

March 31,2020
March 31,2021

2Q

3Q

Year-endTotal

Yen

YenYenYenYen――

0.00

―

0.00

0.00

0.00

―

0.00

0.00

March 31,2021 (Forecast)(Note)
Revisions to the most recently announced forecast: None1

3. Forecast for the Fiscal Year Ending March 31, 2021 (from April 1, 2020 to March 31, 2021)(Percentages represent year-on-year changes)

Net Sales
Million yen

Full year

78,000Operating Income

EBITDANet Incomeper ShareNet Income%Million yen%

Million yen%

Million yen%

Yen

9.8

3,000

21.6

4,400

22.4

1,200

51.9

34.96

(Note)*1.Revisions to the most recently announced forecast: None

* Notes(1) Changes of important subsidiaries during the period(Changes of specific subsidiaries in accordance with changes in the scope of consolidation):(2) Adoption of specific accounting treatments to the preparation of consolidated quarterly
financial statements:

None
None

(3) Changes in accounting policies and accounting estimates, and restatements
1) Changes in accounting policies due to revisions in accounting standards:

None2) Changes in accounting policies other than 1) above:None3) Changes in accounting estimates:

None4) Restatements:

None(4) Number of shares issued (common shares)
1) Number of shares issued (including treasury stock):
As of June 30, 2020

37,993,836shares

As of March 31, 2020

34,324,116shares

2) Number of treasury stocks:
As of June 30, 2020

3,867shares

As of March 31, 2020

3,780shares

3) Number of average shares during the period:
Three months ended June 30, 2020

37,475,279shares

Three months ended June 30, 201933,611,321shares* This financial report is outside the scope of the audit by certified public accountants or auditing firms.
* Explanation of the proper use of forecast and other notes
The forward-looking statements herein are based on information available to the Company and certain assumptions deemed
reasonable as of the date of publication of this document. They are not intended as the Company’s commitment to achieve suchforecasts, and actual results may differ significantly from these forecasts due to a wide range of factors.

2

Consolidated Financial Statements(1) Consolidated Balance Sheet(Millions of yen)
As of March 31, 2020
AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Accounts receivable - other
Other
Allowance for doubtful accounts

As of June 30, 2020

7,676
6,824
1,330
15265
1,989
379
△231

13,090
7,433
1,405
23272
2,830
366
△214

18,25025,208

1,432

2,276

2,375
1,859

2,191
1,882

Total intangible assets

4,234

4,073

Investments and other assets

2,170

2,249

Total current assets
Non-current assets
Property, plant and equipmentIntangible assets
Goodwill
Other

Total non-current assets
Total assets

37,837

8,599

26,08733,808(Millions of yen)Three months ended
June 30, 2019
Liabilities
Current liabilities
Accounts payable - trade
Current portion of long-term borrowings
Accounts payable - other
Income taxes payable
Provision for bonuses
Provision for point card certificates
Other

Three months ended
June 30, 2020

4,975
94,277651－

Total current liabilities
Non-current liabilities
Long-term borrowings
Lease obligations
Provision for retirement benefits for directors(and other officers)
Asset retirement obligations
Deferred tax liabilities
OtherTotal non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

4184
943

5,854
8
4,556
739
140
209
1,244

11,04312,7534335423056322
138
302

322
131
301

848

834

11,891

13,587

1,691
5,705
6,687
△2

3,993
8,006
7,872
△2

14,081

19,868△21△29△39△85△60△115

174

467

14,195

20,22026,08733,808

(2) Consolidated Statement of Income(Millions of yen)Three months ended
June 30, 2019

Three months ended
June 30, 2020

Net sales
Cost of sales※ 16,265※ 23,132

8,552

11,552Gross profit

7,712

11,579Selling, general and administrative expenses

7,169

9,503

543

2,076

00232700313615

1500
7417470221

Operating profit
Non-operating income
Interest income
Dividend income
Compensation income
Gain on sales of scraps and recycling paper
Recoveries of written off receivables
Other
Total non-operating income
Non-operating expenses
Interest expenses
Share issuance costs
Foreign exchange losses
Share of loss of entities accounted for using equity
methodOther

1280251

Ordinary profit

478

1,840

Profit before income taxes

478

1,840

Income taxes - current
Income taxes - deferred

75138676△12Total income taxes

214663

Profit263

1,176

Loss attributable to non-controlling interests△6△7Profit attributable to owners of parent

270

1,184

Total non-operating expenses

5(3)Consolidated Statement of Comprehensive Income(Millions of yen)Three months ended
June 30, 2019

ProfitOther comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to noncontrolling interests

6

Three months ended
June 30, 2020
263

1,176

△10△10△45△11△8△23△54240

1,121247

1,129△6△7